The international community has made significant strides towards lifting people out of poverty. The most vulnerable nations – the least developed countries, the landlocked developing countries and the small island developing states – continue to make inroads into poverty reduction. However, inequality persists and large disparities remain regarding access to health and education services and other assets.
There is growing consensus that economic growth is not sufﬁcient to reduce poverty if it is not inclusive and if it does not involve the three dimensions of sustainable development – economic, social and environmental. Fortunately, income inequality has been reduced both between and within countries. At the current time, the per capita income of 60 out of 94 countries with data has risen more rapidly than the national average. There has been some progress regarding creating favorable access conditions for exports from least developing countries as well.
To reduce inequality, policies should be universal in principle, paying attention to the needs of disadvantaged and marginalized populations. There needs to be an increase in duty-free treatment and continuation of favoring exports from developing countries, in addition to increasing the share of developing countries’ vote within the IMF. Finally, innovations in technology can help reduce the cost of transferring money for migrant workers.
What does GTS do?
To reduce inequality GTS has a fair work fair pay policy and nobody within the organisation earns more than 5 times than the lowest paid member of the workforce. The lowest rate that we will pay anyone regardless of their age,race, ethnicity, origin, religious beliefs, economic situation or gender choice is the recognised living wage which we are accredited with.
The development of a fairer more enclusive economy is championed through our approach to our own workforce and in our public facing image where we are very clear that equality and inclusion are key. WE drive this through our involment in safer communites and public good works and it is ingrained in our design and execution of our contacted works and throughout our educational delivery programmes.
With our suite of specialist services, we have the toolkit to deliver peace in real-time.